Brokerages expect that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will report earnings per share of $0.55 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Red Robin Gourmet Burgers’ earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.52. Red Robin Gourmet Burgers reported earnings per share of $0.35 during the same quarter last year, which suggests a positive year-over-year growth rate of 57.1%. The company is expected to announce its next quarterly earnings results on Tuesday, February 20th.

On average, analysts expect that Red Robin Gourmet Burgers will report full-year earnings of $2.34 per share for the current fiscal year, with EPS estimates ranging from $2.23 to $2.85. For the next fiscal year, analysts anticipate that the business will post earnings of $2.66 per share, with EPS estimates ranging from $2.30 to $3.20. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Monday, November 6th. The restaurant operator reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.09). Red Robin Gourmet Burgers had a net margin of 0.94% and a return on equity of 7.32%. The business had revenue of $304.20 million during the quarter, compared to analyst estimates of $308.44 million. During the same quarter last year, the business posted $0.38 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year.

RRGB has been the subject of a number of research reports. BTIG Research lowered their target price on Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Maxim Group restated a “buy” rating and issued a $75.00 target price on shares of Red Robin Gourmet Burgers in a research note on Monday, October 30th. Canaccord Genuity reiterated a “buy” rating and issued a $80.00 price objective on shares of Red Robin Gourmet Burgers in a research report on Sunday, October 1st. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus began coverage on Red Robin Gourmet Burgers in a research report on Monday, October 2nd. They issued a “hold” rating and a $62.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Red Robin Gourmet Burgers presently has an average rating of “Hold” and a consensus target price of $69.00.

In other news, COO Carin Stutz acquired 715 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average cost of $49.15 per share, for a total transaction of $35,142.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.66% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. ClariVest Asset Management LLC bought a new position in Red Robin Gourmet Burgers during the second quarter worth about $105,000. Public Employees Retirement System of Ohio boosted its holdings in Red Robin Gourmet Burgers by 10.3% during the first quarter. Public Employees Retirement System of Ohio now owns 1,759 shares of the restaurant operator’s stock worth $103,000 after buying an additional 164 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in Red Robin Gourmet Burgers during the third quarter worth about $147,000. Acadian Asset Management LLC bought a new position in Red Robin Gourmet Burgers during the second quarter worth about $149,000. Finally, Seven Eight Capital LP bought a new position in Red Robin Gourmet Burgers during the second quarter worth about $163,000.

Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) opened at $53.60 on Friday. Red Robin Gourmet Burgers has a 12 month low of $45.20 and a 12 month high of $74.11. The firm has a market capitalization of $693.58, a price-to-earnings ratio of 25.78, a PEG ratio of 2.28 and a beta of 0.55. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.76.

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About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

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Earnings History and Estimates for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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